(NBR) Nabors Industries - Overview
Sector: Energy | Industry: Oil & Gas Drilling | Exchange: NYSE (USA) | Market Cap: 1.371m USD | Total Return: 249.8% in 12m
Avg Turnover: 27.3M
Qual. Beats: 0
Rev. Trend: 59.9%
Qual. Beats: 1
Warnings
Earnings expected to drop: P/E 6.8 → Forward 133.3
Share dilution 21.8% YoY
Altman Z'' 0.61 < 1.0 - financial distress zone
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind, Pullback Swing
Nabors Industries Ltd. (NBR) is a global provider of drilling services and technologies for the land-based and offshore oil and gas sectors. The company operates through four primary segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies, maintaining a diverse fleet of land rigs and offshore platforms. Its business model integrates traditional mechanical drilling with proprietary digital infrastructure, such as the RigCLOUD platform and automated steering systems, to enhance operational efficiency.
The oil and gas drilling sector is highly capital-intensive and cyclical, with demand for services closely linked to global commodity prices and exploration budgets. Nabors mitigates some volatility by offering aftermarket services and specialized equipment manufacturing, including robotic systems and downhole tools, which provide recurring revenue streams beyond active drilling contracts.
Investors can evaluate the companys relative valuation and historical performance trends by consulting ValueRay for deeper data analysis.
Founded in 1952 and headquartered in Bermuda, Nabors also provides comprehensive tubular running, torque monitoring, and managed pressure drilling services. The company remains a key player in the transition toward rig automation through its suite of software applications designed to provide real-time insights across global fleets.
- High-specification rig utilization rates drive domestic and international segment revenue growth
- Global crude oil price fluctuations dictate capital expenditure by major exploration companies
- Expansion of proprietary digital drilling solutions increases high-margin software services revenue
- Elevated debt levels and interest expenses impact net income and valuation
- Strategic transition toward geothermal energy and decarbonization technologies influences long-term growth.
| Net Income: 208.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 1.38 > 1.0 |
| NWC/Revenue: 17.55% < 20% (prev 18.11%; Δ -0.56% < -1%) |
| CFO/TA 0.16 > 3% & CFO 718.9m > Net Income 208.0m |
| Net Debt (1.64b) to EBITDA (1.31b): 1.25 < 3 |
| Current Ratio: 1.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.2m) vs 12m ago 21.78% < -2% |
| Gross Margin: 24.62% > 18% (prev 34.96%; Δ -10.34% > 0.5%) |
| Asset Turnover: 68.51% > 50% (prev 58.08%; Δ 10.43% > 0%) |
| Interest Coverage Ratio: 3.22 > 6 (EBIT TTM 658.8m / Interest Expense TTM 204.8m) |
| A: 0.13 (Total Current Assets 1.15b - Total Current Liabilities 585.2m) / Total Assets 4.39b |
| B: -0.42 (Retained Earnings -1.86b / Total Assets 4.39b) |
| C: 0.14 (EBIT TTM 658.8m / Avg Total Assets 4.72b) |
| D: 0.19 (Book Value of Equity 568.9m / Total Liabilities 2.94b) |
| Altman-Z'' = 0.61 = B |
| DSRI: 0.69 (Receivables 417.7m/549.6m, Revenue 3.23b/2.93b) |
| GMI: 1.42 (GM 34.96% / 24.62%) |
| AQI: 0.47 (AQ_t 0.07 / AQ_t-1 0.15) |
| SGI: 1.10 (Revenue 3.23b / 2.93b) |
| TATA: -0.12 (NI 208.0m - CFO 718.9m) / TA 4.39b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of June 05, 2026, the stock is trading at USD 101.09 with a total of 317,924 shares traded.
Over the past week, the price has changed by +8.37%,
over one month by -2.53%,
over three months by +27.08% and
over the past year by +249.79%.
Nabors Industries has received a consensus analysts rating of 2.88. Therefore, it is recommended to hold NBR.
- StrongBuy: 0
- Buy: 1
- Hold: 5
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 108.5 | 7.3% |
P/E Trailing = 6.7762
P/E Forward = 133.3333
P/S = 0.424
P/B = 2.4089
P/EG = 2.8956
Revenue TTM = 3.23b USD
EBIT TTM = 658.8m USD
EBITDA TTM = 1.31b USD
Long Term Debt = 2.12b USD (from longTermDebt, last quarter)
Short Term Debt = 9.47m USD (from shortTermDebt, last quarter)
Debt = 2.14b USD (from shortLongTermDebtTotal, last quarter) + Leases 9.47m
Net Debt = 1.64b USD (calculated: Debt 2.14b - CCE 500.9m)
Enterprise Value = 3.01b USD (1.37b + Debt 2.14b - CCE 500.9m)
Interest Coverage Ratio = 3.22 (Ebit TTM 658.8m / Interest Expense TTM 204.8m)
EV/FCF = 1000.0x (Enterprise Value 3.01b / FCF TTM 2.92m)
FCF Yield = 0.10% (FCF TTM 2.92m / Enterprise Value 3.01b)
FCF Margin = 0.09% (FCF TTM 2.92m / Revenue TTM 3.23b)
Net Margin = 6.43% (Net Income TTM 208.0m / Revenue TTM 3.23b)
Gross Margin = 24.62% ((Revenue TTM 3.23b - Cost of Revenue TTM 2.44b) / Revenue TTM)
Gross Margin QoQ = 17.09% (prev 19.06%)
Tobins Q-Ratio = 0.69 (Enterprise Value 3.01b / Total Assets 4.39b)
Interest Expense / Debt = 9.58% (Interest Expense 204.8m / Debt 2.14b)
Taxrate = 33.91% (165.0m / 486.5m)
NOPAT = 435.4m (EBIT 658.8m * (1 - 33.91%))
Current Ratio = 1.97 (Total Current Assets 1.15b / Total Current Liabilities 585.2m)
Debt / Equity = 3.76 (Debt 2.14b / totalStockholderEquity, last quarter 568.9m)
Debt / EBITDA = 1.25 (Net Debt 1.64b / EBITDA 1.31b)
Debt / FCF = 560.6 (Net Debt 1.64b / FCF TTM 2.92m)
Total Stockholder Equity = 511.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.41% (Net Income 208.0m / Total Assets 4.39b)
RoE = 40.63% (Net Income TTM 208.0m / Total Stockholder Equity 511.9m)
RoCE = 25.04% (EBIT 658.8m / Capital Employed (Equity 511.9m + L.T.Debt 2.12b))
RoIC = 11.93% (NOPAT 435.4m / Invested Capital 3.65b)
WACC = 8.98% (E(1.37b)/V(3.51b) * Re(13.10%) + D(2.14b)/V(3.51b) * Rd(9.58%) * (1-Tc(0.34)))
Discount Rate = 13.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 89.89 | Cagr: 21.72%
[DCF] Terminal Value 73.27% ; FCFF base≈2.92m ; Y1≈2.93m ; Y5≈3.11m
[DCF] Fair Price = N/A (negative equity: EV 43.7m - Net Debt 1.64b = -1.59b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.14 | # QB: 0
Revenue Correlation: 59.91 | Revenue CAGR: 2.28% | SUE: 0.92 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-1.44 | Chg30d=+9.75% | Revisions=-33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.78 | Chg30d=+13.33% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=-4.08 | Chg30d=+23.50% | Revisions=-33% | GrowthEPS=-123.5% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=+166.17% | Revisions=+0% | GrowthEPS=+127.3% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: -33%